|Central Bank||CIMB Group||Maybank||Public Bank||RHB Banking Group|
Below is a list of the largest financial institutions operating in Malaysia.
Affin Bank – A wholly owned subsidiary of Affin Holdings Berhad (AHB). The Bank operates through a network of more than 100 branches across Malaysia and employs approximately 3,500 people.
Alliance Financial Group Berhad (AFGB) – A financial services company headquartered in Kuala Lumpur. It includes the Alliance Islamic Bank, Alliance Investment Bank and Alliance Bank Malaysia.
AMMB Holdings (AmBank Group) – The sixth largest banking group in Malaysia with about 200 domestic branches and over 880 automated teller machines. It was founded in 1975 by Merchant Banking pioneer Hussain Najadi. In February 2011, AmBank Group acquired AmIslamic Bank Berhad. Tan Sri Azman Hashim, one of the richest people in Malaysia, is Chairman of the Group.
Bank Rakyat – The largest Islamic cooperative bank in Malaysia with around 150 branches, 970 ATMs and 95 Ar-Rahnu X'Change (Islamic pawnshop outlets).
Citibank Berhad – A commercial bank operating eleven branches and three Citi Service Centers.
Hong Leong Financial Group – One of the largest banking and financial services companies. The main subsidiaries include Hong Leong Bank, HLG Capital, Guoco Group, M&C International, etc. As of March 3, 2017, the company had a market capitalization of RM 17.3 billion (US$4 billion).
HSBC Bank Malaysia Berhad – The largest foreign bank in Malaysia with more than 60 branches and 4,000 employees. HSBC Amanah is an Islamic banking subsidiary of HSBC Bank Malaysia.
Bank Negara Malaysia – The Central Bank of Malaysia established in January 1959. As the country's monetary authority, BNM is responsible to maintain monetary stability. Bank Negara has representative offices in London and New York.
CIMB Group – One of the leading financial institutions in Malaysia with the largest Asia Pacific investment banking network. Headquartered in Kuala Lumpur, CIMB operates in 16 countries covering ASEAN and major global financial centers.
Maybank – The Malaysia's largest financial services group with total assets of more than US$164 billion and customer deposits of US$109 billion. The company was established by Khoo Teck Puat in 1960.
OCBC Bank (Malaysia) Berhad – The first Singapore based Islamic Bank established in Malaysia. With more than 40 branches, it is one of largest foreign banks in the country by assets.
Public Bank Bhd – One of the leading financial services providers in Malaysia established by its Founder and Chairman Teh Hong Piow. PBB is the biggest bank in Malaysia by shareholders' funds and the third largest domestic bank by market capitalization and balance sheet.
RHB Banking Group – The fourth largest financial services group in Malaysia with more than 200 branches across the country.
United Overseas Bank (Malaysia) Bhd operates approximately 50 branches nationwide. UOB (Malaysia) launched its Islamic banking products in 2016.
Top Banks in Malaysia
The following table shows the largest Malaysian banks in terms of total assets.
|Rank||Bank||Total Assets (RM, bn)||Financial Statement|
|1||Malayan Banking Berhad (Maybank)||640.300||12/31/2014|
|2||CIMB Group Holdings||414.156||12/31/2014|
|5||Hong Leong Financial Group||194.874||12/31/2014|
|7||United Overseas Bank (Malaysia)||93.177||09/30/2014|
|9||OCBC Bank (Malaysia)||89.176||09/30/2014|
|10||HSBC Bank Malaysia||82.997||12/31/2014|
|12||Standard Chartered Bank Malaysia||51.360||09/30/2014|
|13||Alliance Financial Group||51.237||12/31/2014|
|14||Bank Islam Malaysia||42.879||09/30/2014|
|16||Bank Simpanan Nasional||31.688||12/31/2014|
|17||Bank Pembangunan Malaysia||29.246||12/31/2013|
|18||Bank Muamalat Berhad||22.214||09/30/2014|
|19||Bank of Tokyo-Mitsubishi UFJ Malaysia||15.322||09/30/2014|
|20||Bank of China (Malaysia)||10.451||09/30/2014|
|21||Deutsche Bank (Malaysia)||8.794||09/30/2014|
|22||Al Rajhi (Malaysia)||6.803||09/30/2014|
|23||Sumitomo Mitsui Banking Corp Malaysia||6.799||12/31/2014|
|24||J.P. Morgan Chase Bank Berhad||6.591||09/30/2014|
|25||Bank of Nova Scotia Berhad||4.538||07/31/2014|
|26||Bangkok Bank Berhad||4.292||09/30/2014|
|28||BNP Paribas Malaysia||3.367||09/30/2014|
|29||Royal Bank of Scotland Berhad||2.946||09/30/2014|
|30||Mizuho Bank (Malaysia)||2.921||12/31/2014|
|31||Bank of America Malaysia||2.314||09/30/2014|
|32||National Bank of Abu Dhabi Malaysia||1.296||09/30/2014|
SWIFT Codes for Banks in Malaysia
SWIFT code is a standard format of Bank Identifier Codes (BIC) approved by the International Organization for Standardization. It is the unique identification code of a particular bank. These codes are used when transferring money between banks. The SWIFT code is 8 or 11 characters. For Malaysian Banks, only 8 characters swift code is required. In case the issuing banks requires 11 characters then just add XXX at the end.
Affin Bank Berhad – PHBMMYKL
Alliance Bank Malaysia Berhad – MFBBMYKL
Ambank Berhad – ARBKMYKL
Bank Islam Malaysia Berhad – BIMBMYKL
Bank Kerjasama Rakyat Berhad – BKRMMYK1
Bank Muamalat Berhad – BMMBMYKL
Bank of America – BOFAMY2X
Bank Simpanan Nasional – BSNAMYK1
CIMB Bank Berhad – CIBBMYKL
Citibank Berhad Malaysia – CITIMYKL
Deustche Bank – DEUTMYKL
EON Bank Berhad – EOBBMYKL
HSBC Bank Malaysia Berhad – HBMBMYKL
Hong Leong Bank Berhad – HLBBMYKL
Malayan Banking Berhad – MBBEMYKL
OCBC Bank Berhad – OCBCMYKL
Public Bank Berhad – PBBEMYKL
RHB Bank Berhad swift code – RHBBMYKL
Standard Chartered Bank Malaysia Berhad – SCBLMYKX
United Overseas Bank Berhad – UOVBMYKL